🔥Turkey's Pioneer in Defense Technologies Altınay Defense is going public 🔥
📽️Altınay Defense was founded in 2014 within the Altınay Technology Group and has become one of the leading companies in Turkey's defense sector. The company operates in a wide range of areas, meeting the Turkish Armed Forces and other defense needs.
📽️Altınay Defense works in accordance with internationally accepted standards and has AS9100D Certificate and important international standards such as ISO 9001, ISO 14001, ISO 45001. In this way, it is recognized as a reliable business partner internationally.
📽️The company, which is an approved supplier of NATO, aims to strengthen Turkey's defense capability by increasing international cooperation. Offering competitive solutions by combining innovative engineering and production capabilities, Altınay Defense also draws attention with its Exproof unmanned machine design capability.
📽️Altınay Defense is entering a new era by receiving public offering approval by the CMB today. Here is the public offering information:
BIST Code: Unknown.
Offer Price: 32.00 TL
Supply Size: 1.8 Billion TL
Distribution Method: Equal Distribution (Equal to Individual)
Number of Shares: 58,823,530 Lots
Sunday: Star Market
T1-T2 Balance: Unavailable
Free Float: 25%
Price Stability: Uncertain.
Consortium Leader: Turkish Industrial Development Bank, Vakıf Yatırım, Yatırım Finansman
Participation Index: Not clear
💎 Where IPO Proceeds Will Be Used:
- 50% New facility and production technologies investments
- 15% Test and verification technologies investments
- 5% Global marketing network
- 15% working capital
- 5% Financial debt payment
- 10% Establishment of partnership or business
Altınay Defense will continue to grow with its public offering proceeds and strengthen its place in Turkey's defense industry.
